NEW YORK (TheStreet) -- Shares of Tyco Int'l (TYC) are slipping 0.63% to $45.45 in afternoon trading today as the security systems company is expected to post fiscal 2016 third quarter results before Friday's market open.
Analysts project Tyco to report earnings of 53 cents per share on revenue of $2.44 billion.
For the 2015 second quarter, the company posted earnings of 59 cents per share on revenue of $2.49 billion.
Last week, Tyco announced it expects to close its merger with Johnson Controls (JCI) on September 2 instead of the previously planned date of September 30. The merger is subject to shareholder approval.
Special meetings for shareholders of Tyco and Johnson Controls are slated for August 17.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate TYCO INTERNATIONAL PLC as a Buy with a ratings score of B. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: TYC